High inflation is hitting businesses and households hard in 2022. Across the world, inflation is running high, thanks to factors like pandemic disruptions, monetary stimulus and supply-chain issues. You’ll see…
It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP. Employers must complete…
The Fair Work Commission has this week handed down their decision in relation to minimum wage increases. From 1 July 2022, wages will increase as follows: Min wage for award-free…
Are you our next accountant? Here at Scanlon Richardson, we invest heavily in our people. We put more time into our team’s personal and professional development than anywhere else in…
In addition to planning for the expected statutory super rate rise to 10.5%, some employers need to prepare for a significant change from July 2022. Removal of the $450 Monthly…
Most small businesses in Australia employ people. One of the most common payroll errors is incorrect processing of termination payments when employees leave. With the introduction of Single Touch Payroll…
We’re all aware of the many benefits that signing your documents digitally provides; convenience, accessibility, security and of course it’s great for the environment. We’ve been sending documents to our…
The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In…
With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2022 to reduce your tax and…
If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements. The proposed changes won’t affect every small…